Official betting refers to bets placed on games and events sanctioned by a sports league. This includes regular season games, playoffs and championship games. There are a variety of bet types available, including money lines and spreads. Some bets are limited to specific teams, while others can be placed on the entire league. These bets are also known as parimutuel wagering and use a system similar to horse racing.

It’s no secret that many college-age students have a gambling problem, and betting on sports is now a large part of how fans consume their favorite sport. However, there’s also a growing concern that legalized sports betting poses a risk to the integrity of NCAA competition. In response, the NCAA has launched a new e-learning module that will educate athletes and their families on the harms of gambling and the risks sports betting poses to the integrity of its contests.

After a long wait Maryland’s sports betting market finally went live on Nov. 23, 2022. Its launch was much slower than some of its neighbors but the state has since seen a steady increase in revenue.